Scholastic Q3 revenue rises 4%; fiscal 2025 Adjusted EBITDA outlook trimmed to low end
Scholastic reported fiscal third-quarter revenue of $335.4 million, up 4%, and an operating loss of $23.9 million, narrower than the $34.9 million loss a year earlier. The company now expects full-year Adjusted EBITDA of approximately $140 million, the low end of its prior $140 million to $150 million range, and modest revenue growth instead of the prior 4% to 6%. It also raised its share repurchase authorization to $100 million, which matters to shareholders because the profit outlook was lowered while buybacks were expanded.
- Q3 revenue of $335.4 million, up 4%; diluted loss per share of $0.13 versus $0.91 a year earlier
- Adjusted EBITDA of $6.0 million, compared with a $7.2 million loss a year earlier
- Education Solutions revenue fell 16% to $57.2 million, with a segment operating loss of $6.9 million
- Net debt of $189.4 million versus net cash of $78.9 million a year earlier, reflecting borrowings to fund the 9 Story Media Group acquisition